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Denver Real Estate Source
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Address:
61 S Garfield
Type: Lots and Land
Style:
Lot Type: Rectangular
Lot Size:
18704sq. ft.
Taxes: $13,535.00
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The subject is two lots (61 & 81 S Garfield) adding up to 18,704 square feet of vacant land in the Cherry Creek neighborhood of Denver. The subject is located on the northwest corner of South Garfield Street and East Bayaud Avenue. The subject site was rezoned (PUD 618) and a site plan was approved in February 2009 for proposed development of a 6-unit townhome complex.
The Cherry Creek neighborhood includes a retail shopping district that is home to numerous high-end retail shops and services. Because the neighborhood is built-out, recent residential development has been limited to condominium units located above street-level retail uses and the redevelopment of existing buildings. Visual inspection shows the area is 95% +/- built-out with improvements 20 to 50 years old of good quality and in excellent condition. Given the ongoing redevelopment and planned redevelopment the neighborhood is in a growth phase of its life cycle. Residential and retail property values are significantly above the Denver Metro area.
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Brokered and Advertised by:
Coldwell Banker
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P2#25318049
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Information is deemed to be correct but not guaranteed.
